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India's Borrowing Plan for 2024/25
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Overview
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India plans to maintain its gross market borrowing for the next fiscal year at around 15-15.5 trillion rupees, close to the current year's target, to reduce the government's fiscal deficit. The potential reduction in welfare schemes and subsidies is expected to contribute to the lower borrowing target. The Finance Minister is set to present the federal budget with these figures next week.
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How could the reduction in welfare schemes and subsidies affect India's social welfare programs and the well-being of its citizens?
How might India's decision to maintain its borrowing level impact its economic growth and development?
What are the potential implications of a lower fiscal deficit on the country's overall financial stability?
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